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Bank notes
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Show me the money…
Money can be defined as any bank note or coin that can be exchanged for goods or services. Money can come in many different shapes and forms depending on the country that you live in.
Every country in the world has its own form of currency. The word currency can be used to describe the money that is used in a specific country. The currency that we use here in the United Kingdom is referred to as pounds sterling (£), and new pence (p). The currency used in other countries may differ to the notes and coins that we use here in the U.K.
Anything that you can buy in the United Kingdom will have a price listed in pounds and/or pence. Different notes and coins can be used to purchase items depending on the price of the item that you want to buy.
The links given below will show you in more detail what the different notes that we use in the United Kingdom look like. To take a closer look, just click on the links below.
The Five Pound Note
The Ten Pound Note
The Twenty Pound Note
As you can see, each note has a different colour and different design. This makes them easily distinguishable from one another. The Five Pound Note has the lowest value in the United Kingdom. The Fifty Pound Note (details not shown) has the highest value.
The Bank of England is responsible for the production of the bank notes that we use, and issues these notes all over the United Kingdom. The Bank of England has been issuing our bank notes for over three hundred years.
All notes issued by the Bank of England will have a portrait of the of the Queen printed on one side, and the words “The Bank of England” printed on them.
Although the Bank of England is responsible for the production of the notes, it is the high street banks, and building societies that are responsible for their distribution. It is through these companies that the notes we use find their way into our pockets.
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